Property tax reform in Vietnam: Options, direction and evaluation

WJ McCluskey, HL Trinh

    Research output: Contribution to journalArticle

    9 Citations (Scopus)

    Abstract

    Vietnam has seen significant economic growth over the past decade resulting in the need to develop solutions to finance infrastructure in its cities. Own revenue sources for cities are largely based on fees and charges and a form of property taxation from agricultural and non-agricultural land which is based on rice productivity. This paper analyses current land based revenue sources and concludes that these sources are unsustainable, lack buoyancy and represent a declining revenue base. Whilst the paper advocates a recurrent property tax based on land values empirical analysis provides some evidence that the government’s proposal for a land based tax has several structural problems that will directly affect revenue buoyancy. However, the proposed land tax is at least a positive and important step in developing a sustainable revenue source for city and local governments.
    LanguageEnglish
    Pages276-285
    JournalLand Use Policy
    Volume30
    Issue number1
    DOIs
    Publication statusPublished - Jan 2013

    Fingerprint

    property tax
    tax reform
    Vietnam
    revenue
    income
    buoyancy
    evaluation
    taxes
    empirical analysis
    finance
    local government
    economic growth
    rice
    structural problem
    land value
    land values
    infrastructure
    productivity
    economic development
    taxation

    Cite this

    McCluskey, WJ ; Trinh, HL. / Property tax reform in Vietnam: Options, direction and evaluation. In: Land Use Policy. 2013 ; Vol. 30, No. 1. pp. 276-285.
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    Property tax reform in Vietnam: Options, direction and evaluation. / McCluskey, WJ; Trinh, HL.

    In: Land Use Policy, Vol. 30, No. 1, 01.2013, p. 276-285.

    Research output: Contribution to journalArticle

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